Bitcoin Bounces Back Above $64k Amid Tech-Led Market Rally

Bitcoin rebounded above $64k on Friday, with prices climbing to as high as $64,673.1 before easing to $64,005.7 by 18:00 ET (22:00 GMT). The world's largest cryptocurrency had suffered losses earlier in the week due to escalating military tensions between the U.S. and Iran.

Despite geopolitical concerns, a tech-led rally lifted risk appetite across global markets, with technology shares leading the charge on Wall Street. Bitcoin's recovery mirrored gains on Wall Street, where the tech-heavy NASDAQ advanced nearly 2% for the week.

Analysts said Bitcoin continues to trade as a high-beta risk asset, moving in tandem with equities during periods of improving market sentiment. A sustained easing in geopolitical tensions and resilient demand for technology stocks could provide further support for cryptocurrencies.